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    Toronto / Etobicoke / Islington | City Centre West

    509 - 3 Michael Power Pl

    For SalePalais at Port Royal Place
    $514,999
    Price Cut: $539,000
    1 Bed
    1 Bath
    1 Parking
    554 SQFT
    103 Days on Strata
    Est Sell Timeframe
    11 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $552/mth
    Taxes:
    $1,903 (2024)
    Cost Per Sqft:
    $930/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    October 1, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Open Concept, Walkout To Balcony, Laminate
    14.99 x 10.5ft
    Dining
    Combined with Living, Laminate
    14.99 x 10.5ft
    Kitchen
    Granite Counter, Ceramic Floor
    8.89 x 7.51ft

    About this Listing

    Welcome to 3 Michael Power Pl Unit 509 in the community of Islington Village. This 1 bedroom suite is well laid out with an open concept floorplan that walks out to North facing balcony. 1 parking space and 1 locker included.Walking distance to Islington & Kipling station, shopping, restaurants, parks and close proximity to major highways. Building amenities include 24hr concierge, party room, indoor pool, sauna, exercise room, theatre and board room.

    ExtrasFridge, Stove, Dishwasher, Microwave, Washer and Dryer. 1 parking spot and 1 locker.

    homelife/romano realty ltd.MLS® #W9250403

    Amenities

    Sauna
    Indoor Pool
    Gym Room
    Bike Storage
    Media Room
    Party Room

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,799
    Average Individual Income
    $66,150
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,533
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    32%
    Detached
    31%
    Semi Detached
    23%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Other
    15%
    Mandarin
    12%
    Cantonese
    10%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    38%
    High School
    24%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Palais at Port Royal Place vs The Islington | City Centre West Area

    Building Trends At Palais at Port Royal Place

    Days on Strata

    Units at Palais at Port Royal Place spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Islington | City Centre West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    23rd
    Highest price per SQFT out of 58 condos in the Islington | City Centre West area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Palais at Port Royal Place offers the
    ?
    best value out of 58 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Palais at Port Royal Place has the
    ?
    highest ROI out of 58 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Palais at Port Royal Place yields the
    ?
    highest rent prices out of 58 condos in the Islington | City Centre West neighbourhood

    High Demand

    Palais at Port Royal Place is the
    ?
    most popular building out of 58 condos in the Islington | City Centre West neighbourhood

    Transaction Insights at 3 Michael Power Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$500,000 - $530,000$540,000 - $580,000$588,000 - $664,000No Data
    Avg. Cost Per Sqft$904$869$752No Data
    Avg. Wait for Unit Availability55 Days72 Days47 Days299 Days
    Ratio of Units in Building37%22%40%3%

    Transactions vs Inventory

    Total number of units listed and sold in Islington | City Centre West